Materials with tag «ebrd»
EBRD finances construction of high-voltage transmission line in Khorezm region
The European Bank for Reconstruction and Development approved a $66.4 million loan to fund the construction of a 230-kilometer high-voltage transmission line in Uzbekistan’s Khorezm region.
EBRD projects 6.5% economic growth for Uzbekistan in 2024
The European Bank for Reconstruction and Development projects Uzbekistan’s GDP to grow by 6.5% in 2024 and 6% in 2025. Analysts anticipate that investment and net exports will drive growth, while limitations may arise from deficits in energy and water resources.
EBRD loans $238 million to Uzbekistan to modernize key regional road
EBRD loaned Uzbekistan up to $238 million to reconstruct the road Urgench — Khonqa — Hazorasp — Toshsoqa — Amudaryo — A380 highway in Khorezm region, and build a bridge over the Amudaryo river. Following the reconstruction, the one-lane road will be expanded into a two-lane highway.
EBRD to assist in preparing Asakabank for privatization
Uzbekistan and the EBRD will work on institutional transformation and corporate governance reform at Asakabank in preparation for its privatization. The parties signed this agreement at the Tashkent Investment Forum.
EBRD President Odile Renaud-Basso to visit Uzbekistan
President of the European Bank for Reconstruction and Development Odile Renaud-Basso is expected to visit Tashkent. During her visit, she will engage in discussions with the president, other officials, and participate in the Foreign Investors Council and the Tashkent International Investment Forum.
EBRD approves new five-year strategy for Uzbekistan
EBRD has approved a new five-year strategy for Uzbekistan. Key priorities include supporting decarbonization, water efficiency and renewable energy, private sector development and business climate improvements.
EBRD to help Uzbekistan Airports upgrade its fleet of special equipment
The EBRD will provide Uzbekistan Airports with up to €28 million to upgrade its fleet of special equipment at Uzbekistan’s international airports. In addition, the bank will provide a €1 million grant to optimise the company’s key business processes and its structural divisions.
EBRD to finance construction of wind farm in Karakalpakstan
The European Bank for Reconstruction and Development provided a $19.3 million loan to ACWA Power Wind Karatau to build a 100 MW wind farm in Nukus, Karakalpakstan.
Samarkand to buy electric buses with EBRD support
Samarkand became the first city in Uzbekistan to join the EBRD’s Green Cities programme. The Bank is providing the city with a $49 million loan for the purchase and deployment of up to 100 electric buses.
Masterсard opens its representative office in Uzbekistan
Mastercard announced the official opening of its first representative office in Uzbekistan. The company also signed a MoU with the EBRD to increase digital opportunities for small business owners, especially women.
Sergei Guriev: Europe’s crackdown on sanctions evasion pose a major risk to region’s economic growth
Sergei Guriyev warned that Central Asian countries could face a major threat to their economic growth as Europe tightens sanctions on Russia and shuts the loopholes that allow it to evade them. He also said that GDP growth based on military production does not improve living standards.
'Investors want predictability and stability' — EBRD chief economist
European Bank for Reconstruction and Development Chief Economist Beata Javorcik and Regional Economist Eric Livny told Gazeta.uz about the new threats to the economy, the successful strategies for attracting investment and the significance of public support for reform.
EBRD forecasts Central Asian economies to grow by 5.2% in 2023
Central Asian economies have proven resilient to adverse geopolitical headwinds. The EBRD forecasts that the region’s economies will grow by at least 5.2% on average in 2023 and by around 5.4% in 2024.
'Today's Uzbekistan is not yesterday’s Uzbekistan' — President
The President of Uzbekistan, speaking at an EBRD forum in Samarkand, outlined priority areas of cooperation with the bank, such as reducing poverty, developing a green economy, and increasing PPPs in various sectors, including infrastructure, health, education, transport and ecology.
Samarkand to receive 350 electric buses, boosting public transport
Samarkand is set to receive 350 electric buses, including 100 by the end of the year, as part of a $95 million project with the EBRD to significantly enhance the city’s public transportation infrastructure.
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